Step up to see why employers are involved with the apprenticeship programme
An Apprenticeship is a way for young people and adult learners to earn while they learn in a real job, gaining a recognised qualification or standard and a real future. Hiring apprentices helps businesses to grow their own talent by developing a motivated, skilled and qualified workforce.
You can read the latest information about Apprenticeship funding here.
Business Benefits of apprenticeships
- Increased productivity: 72% of businesses report improved productivity as a result of employing an apprentice.
- Apprenticeships develop a motivated, skilled and qualified workforce.
- Customers: 81% of consumers favour using a company which takes on apprentices
- 84% appreciated that hiring apprentices would improve their reputations as employers (CBI 2010)
- Reduced recruitment costs: 74% say apprentices are more loyal and stay with the business longer (Populus)
- Apprenticeship training can either be paid using funds in your digital account (levy paying companies) or is funded through co-investment where 5% is paid by the employer and 95% by the government (non-levy companies). Companies with fewer than 50 staff can take on an apprentice aged 16-18 at no cost.
You are required to pay each apprentice the national apprentice wage (£4.15 per hour from 1st April 2020) though we encourage employers to pay more.
Is there a sweetener?
With the value of apprenticeships becoming ever highlighted for young learners’ part of the scheme focuses on incentivising these. The new scheme will begin 1st August 2020 and will run for 6 months to the 31st January 2021.
The incentives will work on two increments. For those aged 16-24-year-old the incentive will be £2,000. For those aged 25 or over the incentive payment will be £1,500. These payments will be made direct to the employer (after claiming) in two instalments. The first payment will be made after 90 days and the final payment will be made on day 365. The claims for the extra incentive payments will be made by the employer. These incentives do not affect the existing payment of £1,000 for 16-18-year olds.
The apprentice must be a new employee to the business and must not have been employed by the employer within the six months prior to the contract start date.
If you are interested fill in our enquiry form